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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (1625)	3/14/2001 3:33:04 PM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 23153

More on Intel and Semi's this time from SSB Chip Equipment Stocks : Salomon Smith Barney comments on Dow Jones report that INTC to scale back its Leixlip, Ireland facility. Says that INTC had indicated it would scale back this facility with a target date of 2002, representing a pushout of another yr. While expects INTC to come in under budget due to benefits of price discounts, firm expects these concessions to put pressure on top-line numbers at chip equipment makers. Notes that NVLS and AMAT both have exposure to INTC, with the former having derived 17% of revenues from INTC in 1999. ------------------------------------------------ Looks like the semi's are ignoring this news, but I expect there to be more news like this down the road when techs aren't so oversold st.